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Minimum price system |
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Minimum price systemSpecification of the lowest price permitted for an import. Prices below the minimum may trigger a tariff, hence a variable levy, or quota. See maximum price systerm. These have several names: basic import price, minimum import price, reference price, and trigger price.Similar MatchesMinimum income guaranteeMinimum income guaranteeThe Minimum Income Guarantee tops up pensioners' incomes from the basic state pension. In the year 2003, the top up is to £102.10 a week for a single person to £155.80 for a couple.The MIG rises with wages inflation which tends to move faster than price inflation (on which the basic state pension is based) so in time the gap between the state pension and the MIG should grow.Anyone with assets over £12,000 is disqualified from the MIG. Minimum price fluctuationMinimum price fluctuationSmallest increment of market price movement possible in a given futures or options contract. Alternative Minimum Tax (AMT)Alternative Minimum Tax (AMT)A federal tax aimed at ensuring that wealthy individuals, estates, trusts, and corporations pay a minimal level income tax. For individuals, the AMT is calculated by adding adjusted gross income to tax preference items. Guaranteed minimum periodGuaranteed minimum periodThe period during which an annuity is paid irrespective of whether the annuitant dies during that period.If the annuitant lives beyond this period, payments continue until death. An annuity with such a guarantee could benefit people, with dependants who require the income to continue after their death. This means that the sum of money paid for the annuity would not be wasted in the event of early death. Alternative minimum taxAlternative minimum taxA tax which targets high wealth individuals to pay a minimum amount of tax. The tax is calculated on the sum of adjusted gross income and tax preference items less exemptions. Further Suggestionsminimum funding requirementMinimum variance frontier minimum quote size Minimum import price Required minimum distribution (RMD) Minimum efficient scale Minimum maintenance guaranteed minimum pension minimum lending rate Minimum variance portfolio minimum maintenance |
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